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GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday following comments made by a senior EU negotiator and former Belgium Prime Minister, Guy Verhofstadt. He stated that any decision regarding a future deal with the UK would have to be ratified through European Parliament and as such the UK was unlikely to get the deal it wanted following the triggering of Article 50. This immediately sapped investor confidence in the UK economy and the Pound lost value as a result. GBP/CHF rates fell to 1.2352 at today’s low,

Exit Bill is short to say the least Thereasa May sparked controversy yesterday when she delivered an exit bill consisting of just 130 words. MPs will only have five days to amend and debate the bill. Ministers did say the bill would brief, but eight lines of text is taking the biscuit and leaves little for date. Jeremy Corbyn wasted no tome in attacking the bill and it has become apparent that he is too weak to oppose the bill as he had stated previously he would fully scrutinise the bill. He has the opportunity to call for a vote against the time table, but

Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime Minister Theresa May will be the first foreign leader to be visiting Donald Trump and the talks are expected to be positive. Even though some of Trump’s executive orders have raised eyebrows and his recent comments on torture have alarmed many the discussions between May and Trump are likely to be focused on trade relations. In his presidential campaign

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require parliamentary approval before invoking Article 50. It appears that now that there is certainty regarding the UK government stance moving, investors are warming to the Pound and it’s gained value versus all most major currency pairs throughout the week. After losing so much value against the Swiss Franc in recent times I believe that the Pounds recovery against CHF in particular could be aggressive. The current GBP/CHF rate is around it’s lowest level over the past decade but the